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VT H0124
Bill
Status
1/30/2025
Primary Sponsor
Monique Priestley
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AI Summary
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Commissioner of Financial Regulation must submit an annual supervision and regulation report to the General Assembly, with the first report due by January 15, 2026
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Report must cover regulatory compliance data for banking, insurance, and securities industries, including numbers of examinations, investigations, enforcement actions, and consumer complaints
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Report must assess financial and market conditions affecting availability and affordability of products and services for consumers
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Report must include an itemized assessment of regulatory fees, revenue collected, functions supported, and comparison to fees in other jurisdictions
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Report must review emerging industry trends, new products and services, and provide recommendations for regulatory responsiveness
Legislative Description
An act relating to the Commissioner of Financial Regulation and an annual supervision and regulation report
Last Action
Read first time and referred to the Committee on Commerce and Economic Development
1/30/2025